1000 Nepean HighwayMoorabbin VIC 3189
Property Details for 1000 Nepean Hwy, Moorabbin
Last Listing description (November 2021)
Savills is delighted to offer for sale this extraordinary retail investment opportunity superbly occupying a prominent corner along Nepean Highway's 'Golden Mile', and fully leased to blue-chip tenants Freedom and Barbeques Galore. Having undergone a recent major refurbishment, 1000 Nepean Highway, truly reflects a retail opportunity of the highest calibre.
Key attributes of this impressive opportunity include:
Basement customer car parking for 65 vehicles*
New leases to A-grade tenants Freedom (10 years) & Barbeques Galore (5 years)
Valuable corner landholding of 3,485sq m*
Current Net Income: $1,153,438 per annum*
Prominent exposure to Nepean Highway & Worthing Road
Over 60,000 vehicles^ pass by the property daily
Over $1 million* has recently been spent on building refurbishment
Proven retail precinct along the Golden Mile of Nepean Highway, with direct proximity to Moorabbin Homemaker Centre
A true once in a generation investment opportunity!
*Approx. ^VicRoads
SOLD
For further information please contact:
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
Property History for 1000 Nepean Hwy, Moorabbin, VIC 3189
- 02 Nov 2021Listed for Sale SOLD - $21,800,000
- 27 Dec 2019Sold for $21,800,000
- 22 Oct 2019Listed for Sale SOLD - Price Withheld
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0About Moorabbin 3189
The size of Moorabbin is approximately 4.6 square kilometres. It has 5 parks covering nearly 4.2% of total area. The population of Moorabbin in 2011 was 5,282 people. By 2016 the population was 5,897 showing a population growth of 11.6% in the area during that time. The predominant age group in Moorabbin is 30-39 years. Households in Moorabbin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Moorabbin work in a professional occupation. In 2011, 74.3% of the homes in Moorabbin were owner-occupied compared with 68.8% in 2016.
Moorabbin has 5,556 properties. Over the last 5 years, Houses in Moorabbin have seen a 9.32% increase in median value, while Units have seen a 7.90% increase. As at 30 November 2024:
- The median value for Houses in Moorabbin is $1,194,946 while the median value for Units is $729,090.
- Houses have a median rent of $655 while Units have a median rent of $580.
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